KDDI Forecasts Flat Year

KDDI, one of Japan's largest telecoms companies, forecast that its operating revenues will be flat in the year ending March 31, 2011, following a decline of almost 2% in the previous year to 3.44 trillion yen (36.55 billion US dollars). Operating revenues in its mobile business fell 2.5% in the year to March 31, 2010. KDDI said that it expects to cut capital spending in this financial year by 28 billion yen to 490 billion yen.  source: KDDI presentation